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Search Results 0 to 31 of about 32 (some duplicates have been removed)
.5%, and a similar story for the euro stoxx 50. in new york, trading still under way for the dow jones industrial average, and it is not doing a lot. very little change. the euro trading for $1.3323. >> the chairman of a german steel producer has admitted to making mistakes, saying his supervisory board could have done better, but those mistakes have led to some huge losses for the company. >> the executive dick -- the executive is accused of failing to stop multi-billion dollar projects that went wrong. >> shareholders and employees are pointing the finger at the supervisory board chairman. they accuse him of failing to question bad board decisions. at the general meeting, he fought back, saying he has no intention of stepping down. >> if you ask me whether as a board we could have done things better, i will honestly say yes. we trusted people for too long. we could or should have acted sooner, but we did act once we saw what was going on if we had the appropriate facts, and we acted with resolve. >> hopes for the company's future lie with the new ceo. he fired three top executives last month af
spending millions on their campaigns. his people are young and the international and they are not as euro-skeptic as the majority of czechs. >> i'm afraid of many. the european union is doing now. his opinions are a bit more extreme. >> many people seem to be taking his licks in stride or even liking them. as before voting began, their orders to beating up campaign newspapers in the cafes. >> i'm not sure if this is the right guy for a presidency, but he is an interesting one. >> while he attracts all the media attention, there's little interest in the front runners, like the conservative former prime minister who also once headed the office of statistics. we asked the foreign minister if they oppose the establishment. >> i think they are fed up with politicians. >> it is that sentiment that has gotten him this far in the campaign. commentators have called him a potential king-maker. he is not a politician. his latest opera recently premiered and it is a science fiction work in which amphibian's take over the world. they are too clever for the human. they will show that they can also be c
. the problem is, of course, that he has euro skeptics breathing down his neck in britain in his own party, and i think he is banking on germany and france in particular wanting very much to keep britain in the club, which, of course, they do, but i think he may be puckering too high. the german business community reacted in a very still a way to the threat of but leaving, saying that the german economy would be able to cope with that, though it would of course regret it. even more important, perhaps, the united states reacted very negatively. the relationship between britain and the united states has been the mainstay of british foreign policy for more than a century. yesterday, a member of the state department said that if britain were to leave the european union, that would seriously damage the special relationship between washington and london. >> thank you very much. >> to washington now where u.s. senator john kerry is president obama's choice for the next secretary of state. he has been quizzed by senators ahead of his recommendation. >> the issues like climate change and fighting d
, international donors have pledged more than 1 billion euros for those displaced by the civil war in the country. united nations secretary general said the fund raising goal had been exceeded. >> representatives from nearly 60 countries met in kuwait to examine how to help with the millions of people who have fled the fighting within syria and the 700,000 who are refugees in neighboring countries. the french military advance against islamist fighters in northern mali continues to make rapid progress. emma the troops have taken control of the airport over the weekend. virtually unopposed, the -- two other cities of the weekend. the french are now negotiating with tuareg rebels, who say they have control. >> onto economic news, and financial markets have been on the rise these past few weeks as hopes have grown that the worst of the year of crisis has passed. today in spain, there's a reminder that things are very bad still for millions of people. revenue figures show spain sank even deeper into recession in the final quarter of last year with the economy contracting faster than ever. more than on
the atlantic on wall street this hour, let's check that out -- up 5.4%. the euro trading down just a tad against the greenback at a value of $1.3056. peugot says sales dropped last year. the automaker was hit by a drop in demand in europe where it sells about 2/3 of its cars. >> sales across the continent have slid as the eurozone crisis deepens, especially in spain and in italy. the company says it will intensify investment outside of europe and is aiming for half of its sales to come from overseas within two years. >> coming up, scientists are warning that the united states is facing severe drought for years to come. >> first, let's take a look at other stories making headlines right now. >> the government of the central african republic has begun meeting with rebels. officials say the negotiations are centering on the revision of a peace agreement signed back in 2007. the various rebel groups say they want to the president to resign. >> each of its president has been meeting with leaders of various palestinian factions. later, he met with the hamas leader. morsi is pushing for a recon
this hour, let's check that out -- up 5.4%. the euro trading down just a tad against the greenback at a value of $1.3056. peugot says sales dropped last year. the automaker was hit by a drop in demand in europe where it sells about 2/3 of its cars. >> sales across the continent have slid as the eurozone crisis deepens, especially in spain and in italy. the company says it will intensify investment outside of europe and is aiming for half of its sales to come from overseas within two years. >> coming up, scientists are warning that the united states is facing severe drought for years to come. >> first, let's take a look at other stories making headlines right now. >> the government of the central african republic has begun meeting with rebels. officials say the negotiations are centering on the revision of a peace agreement signed back in 2007. the various rebel groups say they want to the president to resign. >> each of its president has been meeting with leaders of various palestinian factions. later, he met with the hamas leader. morsi is pushing for a reconciliation 20 two group
. investigators are saying that the bank manipulated the euro bor. it influences interest rates from everything on home mortgages to car loans. deutsche bank is under investigation for manipulating the libor, the more widely used london interbank interest rate. the dax finished within striking distance of two-year highs. our correspondent sent us this summary of the first trading day of the week. it is yet another unfavorable --, it is yet another unfavorable -- >> it is yet another unfavorable report about an investigation into deutsche bank. penalties could be hefty. still, people are quite relaxed. deutsche bank going up for the day. the trading day was relatively quiet and relaxed, but the level remains high. that high level is part of the reason why boom this bank -- the bundesbank says that germans are richer than ever before. half of the wealth -- the growth in wealth was attributable to the enormous rise in share prices. >> the dax finished down by 1/3 of 1%. the euro stoxx 50 pretty much flat. the dow trading down just slightly. the euro trading at a value of 1.3452. well, who is going
euros in debt. the treasury's funding this year is being outlined in madrid as we speak. as we get details on that, we'll absolutely bring them to you. we're talking about nations showing up and saying, give us the help. but spain hasn't even had to go that far. >> the spanish base can get some of on their money if they declare official emergencies. what they're trying to do is to avoid saying we really need the help, we're in trouble. all these countries, as the situation continues, it's clear they won't appear to be the only ones to call the situation off. and the spanish are aware of the fact that everyone else is aware of. we can deal with these countries. spain itself is a significantly different issue. this is a european problem, a potentially fatal one, but one that the spanish isn't really up to. >> can we still get beyond the german elections before there is any activation of the omc? >> we're talking about -- >> or can we go everywhere? >> the issue with the omt, if you're a central banker's performance, it's all these acronyms and different names. it's worth bearing in m
markets in europe. perhaps we're seeing a special case of that in europe. >> do you expect the euro to remain weak for the rest of the year? >> i expect the eurozone crisis to remain weak. people will look carefully at special situations across europe. >> and best performer of 2013? >> it's impossible to tell. let's say the whole of the market. >> very diplomatic answer there. david simple sop, thank you very much for coming by. some hopeful signs there. straight ahead on the program, talking of hopeful signs, our next guest is at u.s. oil production not seen since the 50s. what does it mean? we'll explore that when we come back. . >>> welcome back to "worldwide exchange." these are your headlines. the bank of japan steps up its easing agenda under heavy government pressure, doubling its inflation target and promising open ended qe starting next year. >>> president obama lays out a vision for his second term in his innagul address. >>> and this is the face of the new mr. euro. earlier, we had a nine to one ratio of decliner toes advancers.inaugural. earlier, we had a nine to one rat
this morning been up to 89.35. euro/yen higher, stipulating around the 118 mark, as well. euro/dollar had big moves yesterday, posting with the spanish auction mr. draghi and the ecb coming out saying it was unanimous about no interest rate cuts whereas in the previous month there had been some discussion about that. euro/dollar, 11.3260. let's bring you up to speed with the asian trading session today as they wrap up the week. li sixuan joins us for the first time today. >> thanks, ross. japan was a clear outperformer after shinzo abe unveiled his massive stimulus plan. and the nikkei gained 1.4% today. just to put it into context, this index is up for the ninth straight week, its longest winning streak since late 1988. shares of stocks surged to nearly 5% after the operator of clothing chain unicore raised its full year guidance. but hotter than expected cpi data from china put new pressure on the shanghai deposit. there will be more curbs to taint housing prices. meanwhile, weakness in china's blue chips dropped the hang seng lower. but hsbc did lend some support after the bank said yester
. >> good to see you today. this survey up to multi month high necessary all four of the largest euro area countries, just in the rate of decline, easing in france, easing in spain, situation stabilizing in germany. what does that mean for investors? >> we get two flashes, we get the flash and the final. so not only are we getting an indication of the progression month to month, but we're getting this sort of update. so the market feels they have momentum. since july, really, it's the commitment from mario draghi to do whatever it takes to save the eurozone. the uncertainty that dominated the fist part of 2012 was all about what happens if the currency situation collapses. i think this positive momentum that we've begun to see in all the major indices, which is when i will they're showing below 50, this shows confidence is returning in both the manufacturing and services sector across the larger economy. it's telling us that the directional bias is the more positive one. people are committing further out in terms of their own anticipation expectations. so the detail, if you dig down into i
tonight but it is still holding at 12991. eurostoxx 50. euro trading down $1.3194. >> secretary of state henry clinton in the hospital due to a blood clot from the concussion she's a reporter earlier this month. >> she is under observation and will be in the hospital at least until tuesday. she is 65 years old. she has stated that she will be stepping down next month. the egyptian pound continues to fall against the u.s. dollar despite financial authorities tried to hold it from sliding. mohamed morsi expects that it will stabilize. >> political turmoil has sent worried egyptian scrambling to change their currency into pounds and dollars. they are imposing controls on how much cash can physically be carried out of the country. >> the latest attempt to stabilize the currency has had little impact on it slide. beside reserves in its currency auction, the egyptian pound falling to a new low. the currency have been losing value since the unrest began. two major factors are a drop in tourism and in foreign investment. many egyptians fear their cash will continue to fall in value causing a run
of the health of the joint european currency, the euro. and whether, in fact, the european union as it has come to be known would remain with one of its largest members. prime minister david cameron earlier this week dropped a bomb that he was going to later in this parliamentary term in a couple of years put britain's continued membership in the european union to a vote. and right now the union is not very popular among british politicians. so perhaps feeling the heat at home, cameron is responding this way? >> and what about the relationship with angela merkel of germany who put a tremendous amount of her own personal credibility on the line to help prop up the currency? >> well, you know, britain has long brideeled-- bridled under the rules that accompany its membership in the european unionment and david cameron has been hinting that the price of staying might be negotiating a better deal for his country in some of the areas that the european union governs. >> well, angela merkel and other european politicians in response have said, wait a minute, britain can't work out os own special deal.
of the health of the joint european currency, the euro. and whether, in fact the european union as it has come to be known would remain with one of its largest members. prime minister david cameron earlier this week dropped a bomb that he was going to later in this parliamentary term in a couple of years put britain's continued membership in the european union to a vote. and right now the union is not very popular among british politicians. so perhaps feeling the heat at home cameron is responding this way? >> and what about the relationship with angela merkel of germany who put a tremendous amount of her own personal credibility on the line to help prop up the currency? >> well, you know britain has long brideeled-- bridled under the rules that accompany its membership in the european unionment and david cameron has been hinting that the price of staying might be negotiating a better deal for his country in some of the areas that the european union governs. >> well angela merkel and other european politicians in response have said, wait a minute britain can't work out os own special deal. the
. the match in nuremberg will cost about 1 million euros, but organizers hope " pay off. >> believe it will be able to -- a the league will be able to profit from this, too. we hope to have more soccer games. >> and for the crowd, it is a once-in-a-lifetime experience. >> will be back with more news and sports at the top of the hour. stay with us. stay with us. >> these night owls, work for the sanitation
policy response generally to the european union, the euro project, i should say. we have the euro group separately meeting. we have this little issue of cypress. in terms of gdp, it's little. politically, though, it could be much more significant. tie this altogether for us. how important is an essential change of power in germany to these continued effort to resolve the crisis in cypress or other member states? >> i think the key issue is that germany is a big importer from spain, italy and the periphery. if the german numbers weaken, we'll see that later in a periphery. >> especially through spain. >> ultimately, this is really an economic story. the periphery are a lagging indicator of what's going on in germany. my concern is sooner or later, these peripheral equity may start to be under pressure again. what are your positions on debt? >> i think at this stage we're still comfortable with the core. the reason, there's probably another risk off take his. whatever the reason behind it, it tends to protect the periphery, not the core. for example, france continues to perform very, very
, and it is lower. as for the euro against the dollar, it is declining. >> when we come back after a short break, the small town in eastern germany that has declared war on the far right npd, as they try to gain a foothold there. >> that and more after the break. >> stay with us. >> thanks for staying with us. >> welcome back. we begin with the story of a small town in eastern germany that has seen the far right npd party convince many residents to give it its support. some have organized to resist that. >> and they have been recognized by germany's jewish community. the group emerged to resist the influence of the neo-nazi npd. the npd set up major headquarters in the town several years ago. >> the party quickly turned into a powerful force. here is a story of how locals who objected organized. >> pretty houses and clean streets. it looks idyllic, but appearances can deceive. there's no industry, and there are few jobs. many young people have moved away. yet, one group is moving in in increasing numbers -- right wing extremists from western germany. leaders of the far right npd party have chose
much to add a debt crisis of the euro zone, mr. president. present from a letter the german chancellor up-and-down. i'd say you go about 140 kimber take five pounds. [laughter] am i in the ballpark? [laughter] chancellor merkel, hoping she might misunderstand the president said i believe -- excuse me, i believe the future of the euro will dominate our discussions in the coming days. the city that is more bridges than any other city in the world is pittsburgh, pennsylvania romney said. congratulations. congratulations to pittsburgh, chancellor merkel last? president romney thought for a moment. now, just congratulations. stephen harper, prime minister of canada china group in nature introduced himself to president romney. are you a french-canadian origin? president romney said no i'm not the prime minister replied, but i am canadian. this states michigan is the petoskey's the president said. then spotting a few feet away status, are you french-canadian origin? now, i'm david cameron, prime minister of the united kingdom. president romney looked at kamran and ben harper and cameron again
against the euro, which is at 11-3358. and gold prices are down, $1,678.20 an ounce. >>> michael corbett says the bank has the right status to generate future growth. speaking at the world economic forum in davos, he tells cnbc that several years worth of revamping efforts are beginning to pay off. >> over the last year, we've simplified the company a lot the. we've become smaller, we've become simpler. >> corbat took over in october after the resignation of chief vickram pandit. >> very sharp in the stripes. >> yeah. >> the gegco, do we have a shot at him? >> no. >> that looks pretty good. there's product in there. what do you think, it's water? there is product. and, you know -- >> davos, they tend to walk out with wet hair and it turns to ice. >> but people don't look that good in davos, normally. >> that's true. >> he looks like a banker there. i think he has a lot of potential as far as his looks go. in the world economic forum in davos is in full swing. let's get to andrew buzzing in the mountains of switzerland. you're a big apple-phile, too. >> you're hoping people look good in d
Search Results 0 to 31 of about 32 (some duplicates have been removed)